Page 7 - Nse

Invesco to sell 5.51% stake in Zee Entertainment for over Rs 1,300 cr

This is the second block deal by Invesco in seven months, which offloaded 7.8% stake in Zee Entertainment in April

Samvat 2079: What is Muhurat trading? Check date, stock market timing

The Muhurat trading session on October 24, 2022, will mark the beginning of Samvat 2079

One year of Nifty's lifetime high: Domestic equities stuck in a loop

The fall in the Indian market is far subdued, compared to many global peers that have slipped into bear-market territory

Earnings, global trends to guide stock markets this week: Analysts

Stock markets will be guided by the ongoing quarterly earnings season and global factors, analysts said, adding that foreign fund movement would also play a crucial role in dictating the terms. Besides, movement of the rupee and trend in international oil benchmark Brent crude will also influence trading, they added. "Market will look for direction from Q2 earnings and global cues. This week many financial and cement companies will come out with their Q2 results. Global markets are quite volatile, which may lead to volatility in our market as well," said Santosh Meena, Head of Research, Swastika Investmart Ltd. In terms of global factors, macro numbers from the United States and China will be important, Meena said. Movement of the US bond yields, dollar index and crude oil will be other global factors to watch out for, Meena added. It will be important to see institutional flows from here on. "Earnings and global cues will dictate the trend this week. First, participants will reac

Six of top-10 firms lose Rs 78,163 crore in m-cap; RIL biggest drag

The combined market valuation of six of the 10 most valued domestic firms eroded by Rs 78,163 crore last week, with Reliance Industries taking the biggest hit. Last week, the 30-share BSE Sensex declined 271.32 points or 0.46 per cent. While Reliance Industries, Bharti Airtel, ICICI Bank, HUL, Bajaj Finance and SBI saw a drop in their valuation, TCS, HDFC Bank, Infosys and HDFC emerged as the gainers. However, the combined gain of the four firms at Rs 30,467.03 crore was less than the total loss suffered by the six companies. The market valuation of index heavyweight Reliance Industries tanked Rs 42,113.47 crore to reach Rs 16,04,069.19 crore. Bharti Airtel lost Rs 15,159.81 crore to stand at Rs 4,26,226.99 crore. The market capitalisation (mcap) of ICICI Bank declined by Rs 8,272.37 crore to Rs 6,06,317.50 crore and that of Hindustan Unilever Ltd (HUL) fell by Rs 5,404.06 crore to Rs 6,05,219.47 crore. Bajaj Finance's valuation dipped Rs 4,268.28 crore to Rs 4,40,295.38 crore a

NSE seeks comments on submission of board meeting outcomes in XBRL format

Leading bourse NSE has sought comments from listed entities on the proposal to migrate from PDF to XBRL format to submit board meeting outcomes to help the exchange in analysing the data. The feedback has been sought till October 15, the National Stock Exchange (NSE) said in a circular. XBRL (eXtensible Business Reporting Language) is a language for the electronic communication of business and financial data used for business reporting around the world. It provides major benefits in the preparation, analysis and communication of business information. Under the rules, listed entities are required to submit periodical compliance filings to stock exchanges within prescribed timelines and accordingly were mandated to report XBRL-based filings for financials from the year 2015 onwards. Over the period, stock exchanges in a phased manner have been aiming to convert filings made under the Securities and Exchange Board of India (Sebi) rules from PDF to XBRL format. With an objective to ..

Markets fall most in 2 weeks on rising yields; Sensex declines 844 points

The Nifty ended the session at 16,983 points, with a fall of 257 points, or 1.5 per cent

Sensex, Nifty50 down nearly 6% since last Dussehra, first time in 12 years

The markets witnessed such a fall during this period amid weak global cues, a depreciating Indian rupee, and sharp selling by foreign institutional investors (FIIs)

Seven of top-10 firms lose Rs 1.16 trn in mcap; Reliance worst hit

The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,16,053.13 crore last week amid an overall bearish trend in equities, with Reliance Industries taking the biggest hit. Last week, the Sensex shed 672 points or 1.15 per cent. While Reliance Industries, HDFC Bank, ICICI Bank, SBI, Bharti Airtel, Bajaj Finance and HDFC were the laggards from the top-10 pack, TCS, Hindustan Unilever and Infosys emerged as the gainers. The valuation of Reliance Industries fell by Rs 41,706.05 crore to reach Rs 16,08,601.05 crore. State Bank of India's valuation diminished by Rs 17,313.74 crore to Rs 4,73,941.51 crore. The market capitalisation (mcap) of ICICI Bank tanked Rs 13,806.39 crore to Rs 6,01,156.60 crore and that of HDFC Bank eroded by Rs 13,423.6 crore to Rs 7,92,270.97 crore. The mcap of HDFC went lower by Rs 10,830.97 crore to Rs 4,16,077.03 crore and that of Bajaj Finance declined by Rs 10,240.83 crore to Rs 4,44,236.73 crore. Bharti Airtel's valuation dipp

Delhi HC grants bail to Ramkrishna, Subramanian in NSE co-location case

The Delhi High Court on Wednesday granted bail to former National Stock Exchange (NSE) head Chitra Ramkrishna and ex group operating officer Anand Subramanian in the co-location scam case being probed by the CBI. Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE. A detailed copy of the order is awaited. An FIR was registered in the case in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange. The CBI is probing the alleged improper dissemination of information from the computer servers of the market exchanges to stock brokers. Subramanian was arrested by the CBI on February 24. The CBI had arrested Ramkrishna on March 6, a day after her anticipatory bail application was dismissed by a trial court. In a status report filed in the bail plea by Subramanian, the CBI said the investigation has established that co-accused Ramkrishna abused her official position at NSE to illegally appoint him

Indices fall for 5th day; Sensex dips 38pts, Nifty at 17K after choppy day

CLOSING BELL: Among sectors, defensives rose in trades today with the Nifty IT, FMCG, and Pharma indices advancing between 0.6 per cent and 0.9 per cent

Market rout extends to 4th day on rising dollar; Sensex drops over 950 pts

India VIX index jumps 6% to June level

Seven of top-10 firms lose Rs 1.34 trn in mcap; RIL biggest laggard

The combined market valuation of seven of the 10 most valued firms eroded by Rs 1,34,139.14 crore last week, with Reliance Industries taking the biggest hit. Last week, the Sensex lost 741.87 points or 1.26 per cent amid an overall weak trend in equities. Barring Hindustan Unilever Limited (HUL), Bajaj Finance and ITC, others in the top-10 club suffered erosion in their market valuation. The valuation of Reliance Industries tumbled by Rs 40,558.31 crore to reach Rs 16,50,307.10 crore. HDFC Bank's market capitalisation (mcap) declined by Rs 25,544.89 crore to Rs 8,05,694.57 crore. The valuation of Adani Transmission eroded by Rs 24,630.08 crore to Rs 4,31,662.20 crore and that of ICICI Bank fell by Rs 18,147.49 crore to Rs 6,14,962.99 crore. State Bank of India's mcap diminished by Rs 9,950.94 crore to Rs 4,91,255.25 crore and that of Tata Consultancy Services (TCS) dipped Rs 9,458.65 crore to Rs 10,91,421.84 crore. The mcap of Infosys fell by Rs 5,848.78 crore to stand at Rs ...

Sensex ends choppy day 337pts down; Nifty atop 17,600; banks dip, FMCG gain

CLOSING BELL: Sectorally, indices ended mixed with the Nifty FMCG index rising over 1 per cent, while the Nifty Bank, and Financial Services indices falling up to 1.4 per cent each

IndusInd Bank's stock rally has more legs; up to 35% upside likely: Experts

IndusInd Bank has addressed key issues that were an overhang on the counter at the bourses - the biggest being the reappointment of its managing director and chief executive officer

Sensex down 263 pts, Nifty near 17,700 ahead of US Fed outcome; FMCGs shine

CLOSING BELL: The losses, meanwhile, were led by the Nifty Metal index (down 2 per cent), and the Nifty Pharma index (1.4 per cent)

Dematerialisation: A digital revolution in Indian finance

Exactly 26 years ago, India embarked on a very ambitious path in digital finance leading to remarkable results. It is time for more such reforms

Sensex rises 300 pts, Nifty tops 17,600 despite global weakness; PSBs lead

CLOSING BELL: Gainers outnumbered the losers on the frontline indices today, led by M&M, Bajaj Finance, SBI Life, Adani Ports, HUL, Bajaj Finserv, Nestle India, Eicher Motors, HDFC, ITC, and Infosys

BSE Mid-cap indices snap 12-week winning streak since August 2020

In the aftermath of the pandemic, the BSE MidCap Index had risen for 14 consecutive weeks, clocking 29% gain

US Fed interest rate decision key driver for markets this week: Analysts

Equity markets will be driven by the outcome of the US Federal Reserve's interest rate decision this week, analysts said. Moreover, equity benchmarks will also continue to be guided by foreign fund movement and trend in Brent crude oil, they added. "The global markets are looking nervous after the US inflation numbers, which have caused the dollar index to hover around 110," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Now everyone is eyeing the outcome of the upcoming US Federal Open Market Committee (FOMC) meeting. The Bank of England will also announce its interest rate decision, Meena said. He further added that institutional flows will play a critical role because foreign investors have turned sellers in the Indian equity market. "In absence of any major domestic data and events, participants will be closely eyeing the US Fed meet. Besides, the trend of foreign flow would also remain on their radar," Ajit Mishra, VP Research, Religare Broking Ltd, said. Las